The warehouse and the equipment are examples of land is the factors of production. As they have purchased a land for the purpose of warehouse and equipment.
<h3>What are four factors of production?</h3>
There are mainly four factors of production, they are land, labor, capital, and entrepreneurship. Land is the physical space where the production has done.
Labor is the worker or the staff that helps the company to manufacture the goods and capital is the investment in the business and entrepreneurship is the person or the people that are running the business.
Thus, factor of production is land of the company
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